The Greek Golden Visa program has established itself as a gateway for non-European Union investors seeking to combine financial growth with European residency benefits. Traditionally centered on property investments, recent legal and financial innovations have introduced alternative paths for investors, including:
- A €500,000 fixed-term deposit in a Greek bank.
- A €350,000 investment in mutual funds.
This guide explores these investment options, outlining their advantages, legal framework, and strategic considerations for obtaining a Greek Golden Visa.
Legal Framework of the Greek Golden Visa Program
Under Greek Law 4251/2014, non-EU nationals can secure a five-year renewable residence permit through strategic investments in the Greek economy. Initially focusing on real estate, the program has expanded to include financial investments, offering diverse and flexible residency options.
With the recent introduction of Law 5038/2023, the Greek Golden Visa program has transitioned to a new regime, enhancing clarity and aligning with updated EU standards. This new framework aims to streamline the process and expand the opportunities for non-EU investors.
Core Benefits of the Golden Visa
- Residency for Investor and Family: Covers the investor, spouse, children under 21, and the investor’s parents.
- Visa-Free Travel: Access to the Schengen Zone without additional visas.
- No Minimum Stay Requirement: No need to reside in Greece to maintain the permit.
Investment Options: Fixed-Term Deposit vs. Mutual Fund
1. Fixed-Term Deposit
- Minimum Investment: €500,000.
- Eligibility: Deposit must be held in a Greek bank for at least 12 months.
- Returns: Stable interest income, subject to deposit agreement terms.
Key Advantages:
- Security of capital: Fixed-term deposits are low-risk.
- Immediate eligibility for the Golden Visa.
- Simplicity in compliance and renewal.
Legal Considerations:
- Comprehensive documentation (proof of funds, anti-money laundering compliance).
- Retention of deposit is necessary for visa renewal.
2. Mutual Fund Investment
- Minimum Investment: €350,000.
- Eligibility: Investment in qualifying mutual funds.
- Fund Structure: Includes Greek equities, government bonds, and corporate bonds.
Key Advantages:
- Lowest entry cost among all options.
- Potential for higher returns through diversified portfolio growth.
- Flexibility within the fund structure.
Legal Considerations:
- UCITS-compliant funds ensure transparency and investor protection.
- Requires a detailed understanding of fund risks and returns.
Legal and Strategic Analysis: Choosing the Right Path
Factor
Fixed-Term Deposit (€500,000)
Mutual Fund (€350,000)
Risk Profile
Low (secure deposit)
Moderate (market-linked)
Capital Growth Potential
Limited (fixed interest)
Medium to High
Golden Visa Validity
Renewable with deposit
Renewable with fund
Ease of Management
Simple, one-time deposit
Active monitoring needed
Tax Implications:
- Fixed-Term Deposits: Subject to Greek withholding tax on interest income.
- Mutual Funds: Gains may incur capital gains tax, depending on tax residency.
Conclusion
The Greek Golden Visa program offers unparalleled opportunities for investors. Whether you prefer the stability of a €500,000 fixed-term deposit or the affordability and growth potential of a €350,000 mutual fund, both options provide a clear path to European residency.
Contact Amoiridis Law Services to embark on your journey toward securing a Greek Golden Visa. We’ll ensure a seamless and rewarding experience.
How We Can Help
At Amoiridis Law Services®, we understand the complexities of the visa and permit process, and our dedicated team is here to provide guidance and support, ensuring your experience in Greece is smooth and hassle-free. For further information and personalized assistance tailored to your needs and profile, contact our legal team.
For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalized information tailored to your needs and your profile.
You can email us: or call/text us directly at: +306908351705 (WhatsApp/Viber)
Athens, January 2025
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